‘57% of 2.2L cooperatives in Maha are hsg societies’

Mumbai: According to the Economic Survey of Maharashtra, as of March 31, 2024, there were 2.2 lakh cooperative societies in Maharashtra — a 2% drop compared to the previous financial year — of which 57% were housing societies. The survey also showed that there were 21,014 non-agricultural cooperative credit societies, of which 14,138 were urban cooperative credit societies, 6,431 salary earners cooperative credit societies, and 445 urban cooperative banks. Of these, around 72% of non-agricultural co-operative credit societies were in profit.
Short-term agricultural credit, mainly for seasonal agricultural operations, is provided by primary agricultural credit societies (PACS). As of March 31, 2024, there were 20,962 Primary Agricultural Credit Societies in the state, which included 30 farmer service societies and 885 adivasi cooperative societies, with about 67,000 and 7.4 lakh members, respectively. —Chaitanya Marpakwar